Pembient, Purveyor of Bioengineered Rhino Horn, is Admitted to IndieBio Accelerator
SEATTLE, Jan. 27, 2015 /PRNewswire/ -- The future looks grim for the rhinoceros. Figures recently published by South Africa show that 1,215 rhinos were poached there in 2014. This represents a loss of nearly 4% of the world's population. Furthermore, the poaching has increased over 90-fold since 2007, a trend linked to rising standards of living in Asia, where rhino horn is prized as a traditional medicine and status symbol. Innovative solutions are needed to stop the slaughter.
Enter Pembient, a biotech startup developing products that are genetically and spectrographically similar to rhino horn. Pembient intends to introduce these products into the market as alternatives to rhino horn procured from the wild.
"We surveyed users of rhino horn and found that 45% of them would accept using rhino horn made from a lab," said Matthew Markus, the CEO of Pembient. "In comparison, only 15% said they would use water buffalo horn, the official substitute for rhino horn."
The hope is that Pembient's rhino horn provides an outlet for consumers in the same way faux fur has in the past. IndieBio, a biotech accelerator, supports this vision and has chosen Pembient to be one of the eleven companies in its inaugural San Francisco class (see http://indie.bio/indiebio-sf-announces-first-class-11-biotech-startups/).
As Ryan Bethencourt, IndieBio's Program Director, puts it, "We're finally moving out of the realm of solely discussing biology in regards to a drug based world. We'll continue to heal human bodies through biotechnology, but we'll also increasingly feed, clothe, and house the world through bioengineered systems. Ultimately, there's no reason why live animals should be used in any part of our food or goods chain and we're working to make that a reality."
Pembient plans on unveiling its first product at IndieBio's demo day in early June. Limited quantities will be for sale shortly thereafter. A portion of all sales will go toward the protection and management of wild rhinos.
About Pembient
Pembient is leveraging advances in biotechnology to fabricate wildlife products, such as rhino horn and elephant ivory, at prices below the levels that induce poaching. Pembient's mission is to replace the illegal wildlife trade, a $20B black market, the fourth largest after drug, arms, and human trafficking, with sustainable commerce. To sign up for Pembient's newsletter, go to http://www.pembient.com/.
About IndieBio
IndieBio is the world's first accelerator dedicated to early stage biology startups. Backed by SOSventures, a $200 million dollar venture capital fund, IndieBio runs a 100-day program that alternates between San Francisco and Cork, Ireland. Companies accepted into the program receive intensive mentorship and an investment package consisting of cash and dedicated lab space that is worth $100,000. The program culminates in a demo day where the companies present their progress to investors and the press. Past graduates of IndieBio include Muufri, Hyasynth Bio, Kilobaser, and Afineur. For more information about IndieBio, visit http://indie.bio/.
SOURCE Pembient
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